Dec 13 2017
Diligen, a leader in artificial intelligence (AI)-based contract review for law firms and legal teams, announced today that it has been selected by Aird & Berlis LLP, a prominent business law firm based in Toronto.
Aird & Berlis intends to use Diligen to drive efficiencies and deliver enhanced value to its clients by leveraging AI for merger and acquisition (M&A) work, as well as real estate transactions.
Diligen is a contract assistant powered by AI that provides high quality contract review to help lawyers stay one step ahead in a time-sensitive, highly competitive legal marketplace. Using machine learning, Diligen cuts contract review time in half by streamlining the end-to-end process of sorting documents, summarizing contracts, and spotting critical provisions. In studies conducted by Diligen, the Diligen platform increases the accuracy of contract analysis by 80% compared to a lawyer manually reviewing contracts alone.
“We are excited to collaborate with Aird & Berlis, a leading law firm and an early adopter of cutting-edge AI technology. This win represents a fundamental shift in how legal firms can modernize the manual, painstaking contract review process,” said Konrad Pola, Founder and CEO of Diligen. “We are proud to partner with Aird & Berlis, and we’re confident that, by using Diligen, Aird & Berlis and its clients will realize significant benefits.”
“The legal profession is often seen as reluctant to embrace change, but Aird & Berlis is making innovation a priority. Our leading M&A and real estate practitioners will be leveraging Diligen to drive efficiencies and deliver enhanced value for our clients,” said Steven Zakem, Managing Partner at Aird & Berlis. “We believe that AI will play an increasingly prominent role in the delivery of legal services and are thrilled to be collaborating with Diligen.”
Further Collaboration Between Law Firms and Legal Tech Companies
In the interest of further collaboration, Aird & Berlis will be seconding Aaron Baer, one of its talented M&A lawyers, to work side-by-side with Diligen’s developers and designers on developing new use cases, shaping the product roadmap and training Diligen’s system to identify additional legal concepts. Diligen will benefit from the real-world insights of another practicing lawyer, and Aird & Berlis will gain perspective on the emerging legal tech ecosystem.
Source: https://www.diligensoftware.com/